Freestanding Restaurant
115 Elm Street, Lincolnton, GA 30817
For Sale
$325,000
Commercial Sale, Lincolnton, GA
Property Size1,952 SF
Lot Size0.52 Acres
Price / SF$166.50
Days on Market107
Property Features for 115 Elm Street
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Water source
Building Details
Year built
Listing Agency:
Gold Oak Real Estate, LLC
Listed By:
Sandy J. Butler · License GA #341065
(706) 833-5313
Added: Jul 28
Changed: Oct 20
Last Checked: Nov 11 at 8:06PM
MLS# 100592530
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,952-square-foot freestanding restaurant building occupies 0.52 acres and includes seating for approximately 45 guests. Improvements include Low-E windows, refreshed bathrooms, updated HVAC, upgraded plumbing fixtures, a tankless water heater, and a new roof HVAC unit. The property also has inground grease traps, a dedicated grease-dump area, and a three-sided dumpster location. Public water and public sewer serve the site, which is zoned C-1.
The property is located at the intersection of Hwy 47 and Hwy 378 in Lincolnton, placing it along a route serving Lake Thurmond/Clarks Hill Lake. On-site parking includes 30 designated spaces, and the property has a 50+/- sign with marquee for roadside identification. The configuration and existing restaurant infrastructure provide a defined starting point for continued food-service use.
The property is located at the intersection of Hwy 47 and Hwy 378 in Lincolnton, placing it along a route serving Lake Thurmond/Clarks Hill Lake. On-site parking includes 30 designated spaces, and the property has a 50+/- sign with marquee for roadside identification. The configuration and existing restaurant infrastructure provide a defined starting point for continued food-service use.
Key Highlights
- 1,952‑square‑foot restaurant building on 0.52 acres
- Seating for approximately 45 guests with 30 designated parking spaces
- Located at the Hwy 47 and Hwy 378 intersection in Lincolnton
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,935
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,700
$458.7K
Cap Rate 7%
$327,643
$327.6K
Cap Rate 9%
$254,833
$254.8K
Market Conditions
NOI Build-Up for 1,952 SF
Gross rent
$32.3K $16.56/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$30.6K $15.67/SF
− OpEx
−$7.6K −$3.92/SF
NOI
$22.9K $11.75/SF
Area
Lincoln County, GA
Vacancy
5.40%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,700
Cap Rate 7%
$327,643
Cap Rate 9%
$254,833
Alternative Uses
Best Use
Specialty Retail
$327.6K
$286.7K – $382.3K
NOI $22,935 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.1K
$539.1K – $718.8K
NOI $43,129 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30817, GA
7,364
Population
4,197
Households
1.8
Avg Household Size
48
Median Age
16%
College-Educated
87%
High-School Grad
191.2 sq mi
ZIP Area
39
Density / Sq Mi
$49,658
Median Household Income
$32,913
Median Earnings
$736
Median Rent
$169,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated HVAC, grease traps, and marquee signage support a restaurant-oriented commercial layout with on-site parking.
Where is this conventional restaurant located?
The property is located at 115 Elm Street Lincolnton, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,952‑square‑foot restaurant building on 0.52 acres; Seating for approximately 45 guests with 30 designated parking spaces; Located at the Hwy 47 and Hwy 378 intersection in Lincolnton
